What is Mohela? This is a servicer contracted by the Education Department. Mohela is in the servicers approved list on the website of Federal Student. They have been provided the servicing of student loans and closely working with the students and their families for more than thirty years. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday November 22, 2013 Student Loan News: 1. How to Cope With a Change in Student Loan Servicers: The federal government expects to issue more than 21.7 million student loans totaling nearly $109 billion between Oct. 1, 2013 and Sept. 30, 2014, according to reports. Those loans will be in addition to the nearly $1 trillion in outstanding loans through the Federal Family Education Loan and direct loan programs. […]
Student Loan Ombudsman Ombudsman=someone who is on your side trying to help with whatever problems you may have; a complaint or grievance person who, with some special training and knowledge, can get to the heart of the matter and help.For student loans, the ombudsman’s web site is incorporated into the Studentaid.gov website. Borrowers can submit problems online. The toll-free phone number is 877-557-2575 and the fax number is 202-275-0549; the mail address is U.S. Department of Education, FSA Ombudsman, 830 First Street, N.E., Washington, D.C. 20202-5144. […]
Recent college graduates may find themselves facing a two pronged problem; a soft job market and looming student loan repayments. Refinancing student loans is one method of managing student loans and can often result in lower monthly payments. Janet Stauble writing at Bankrate.com offers a quick and practical list of some of the does and don’ts of refinancing along with some ideas for refinancing. […]
Aspiring students know that a college education is considered valuable in business, but getting a degree can cost tens of thousands of dollars – money most young adults do not have. Before blindly signing off on a complicated loan or deciding to forgo college altogether, investigate your options. There is a variety of ways to get money for school, including loans, scholarships, and other methods you may not have considered. […]
Consolidation of loans is the course of joining numerous student loans into a one loan offered by one lender. Here are the private student loan consolidation companies for 2013-2014 school year. 1. cuStudent Loans This private student loan program consists of more than 140 non-profit credit unions across the entire United States of America. The program comprises of the cuScholar private student loan and cuGrad private loan consolidation, which offer refinancing options, and alternative loan that is competitive for students and recent graduates. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday November 15, 2013 Student Loan News: 1. From Start To Finish, The Student Loan Industry Is In Need Of Massive Overhaul: Student loan debt in the U.S. has passed the $1 trillion mark while the cost of an education continues to outpace inflation, meaning tomorrow’s students will need to take on even more debt than the millions of graduates who already owe money. A new report from our coworkers at Consumers Union shows just how screwed up and unbalanced the student loan system is at every step of the way. […]
You can get help if you are worried about paying back the student loans that are mounting with interest and keep growing every time you look at the bills that come in. You make payments, but it doesn’t seem to make much difference. Here are just a few ways focused on careers you may have chosen that can help. If your career doesn’t appear here, investigate further. You may find something that will help you in your particular field as a student loan repayment program: […]
Since most aspiring college students have minimal or nonexistent credit histories, they often look for loans with no credit requirements. While this sounds like a good strategy, the reality is that most private student loans entail some sort of credit check; more often than not, these lenders will also require borrowers to have someone cosign their loan. Even if you are lucky enough to find a private lender who does not request a cosigner, you will still probably be subject to different terms and much higher interest rates than someone who has a cosigner or a better credit history. […]
The Acumen Private Student Loan is brought to you by http://www.custudentloans.org. After applying for a loan on Private Loan Application you will be redirected to the cuStudent Loans website. The main loan option is the cuScholar Private Student Loan. This loan is available for undergraduate and graduate students. […]